An electric vehicle manufacturer reported strong growth in deliveries and revenue, with its fourth-quarter figures setting new records. The company’s vehicle deliveries surged significantly, while total revenue increased by nearly 40 percent. Despite the gains, the company still posted a net loss, though it improved compared to the previous year. Investors and industry watchers will be closely examining whether this momentum can be sustained.
Rivian's deliveries rose 46 percent to a record 19,248, revenue climbed 38 percent to $2.2 billion and its net loss narrowed 22 percent to $907 million.
